Norsk Hydro ASA (OTCMKTS:NHYDY) Releases Quarterly Earnings Results, Meets Estimates

Norsk Hydro ASA (OTCMKTS:NHYDY) announced its earnings results on Wednesday. The industrial products company reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09, Yahoo Finance reports. The business had revenue of $4.52 billion during the quarter. Norsk Hydro ASA had a return on equity of 6.23% and a net margin of 1.67%.

Norsk Hydro ASA Price Performance

Shares of NHYDY traded up $0.04 during mid-day trading on Friday, reaching $6.26. 59,169 shares of the company’s stock were exchanged, compared to its average volume of 227,887. The company has a quick ratio of 1.24, a current ratio of 1.82 and a debt-to-equity ratio of 0.27. Norsk Hydro ASA has a 52-week low of $5.08 and a 52-week high of $7.72. The company has a market cap of $12.76 billion, a price-to-earnings ratio of 44.71, a PEG ratio of 0.98 and a beta of 1.60. The company has a 50-day simple moving average of $5.75 and a two-hundred day simple moving average of $5.84.

Norsk Hydro ASA Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, May 29th. Stockholders of record on Friday, May 10th will be given a $0.2354 dividend. The ex-dividend date of this dividend is Thursday, May 9th. Norsk Hydro ASA’s dividend payout ratio is currently 292.86%.

About Norsk Hydro ASA

Norsk Hydro ASA engages in the power production, bauxite extraction, alumina refining, aluminium smelting, and recycling activities; and provision of extruded solutions worldwide. It operates through Hydro Bauxite & Alumina, Hydro Aluminium Metal, Hydro Metal Markets, Hydro Extrusions, and Hydro Energy segments.